What is EPF (Employees Provident Fund) ?

EPF is implemented by the Employees Provident Fund Organization (EPFO) of India. EPFO is a statutory body of the Indian Government under Labour and Employment Ministry. All establishments which employs 20 or more employees is under obligation to extend the coverage of PF Scheme to its employees. The capacity of 20 includes contract employees like housekeeping, security or other contractual workers in the business. Few companies are exempted as per section 1 of Employees’ Provident Fund and Miscellaneous Provisions Act 1952.

Documents required for EPF Registration

Documents Required

PAN details of organisation

Copy of certificate of incorporation or partnership deed

Public and Private Limited Companies need to submit a copy of memorandum and Articles of Association

The RPFC (Regional Provident Fund Commissioner) allots the PF number to an organisation that enrols with it. For Delhi based companies this number could be DL/92803.
In addition to this, the employer allots a separate number to each individual employee. The employee’s PF Account number would then be DL/92803/123 (Example).

12% of the basic salary deposited in provident fund account is contributed by employers, whereas out of employee contribution of 12%; 3.67% is contributed to provident fund and 8.33% is submitted in Pension scheme.

12% of the basic salary deposited in provident fund account is contributed by employers, whereas out of employee contribution of 12%; 3.67% is contributed to provident fund and 8.33% is submitted in Pension scheme.